At a Glance
- Tasks: Support the Custody Services team in operations and key projects.
- Company: Join Bank of China, a leading international bank with over 90 years in the UK.
- Benefits: Enjoy flexible benefits, complimentary lunch, and retail discounts.
- Other info: Embrace a culture of continuous learning and personal development.
- Why this job: Gain invaluable experience in a dynamic environment while contributing to financial asset management.
- Qualifications: Degree in Finance or related field; experience in Custody business preferred.
The predicted salary is between 35000 - 45000 £ per year.
The Custody Business function aims to expand Bank of China (BOC) Group’s network of UK sub-custodians to increase BOC London Branch’s Assets under Custody, while also collaborating with other market infrastructure providers (ICSDs) to build BOC London Branch’s market capabilities. The Function is responsible for Sales, Marketing, Product Development, Pricing and Operations Processing. The Custody Services team is responsible for the safekeeping and administration of financial assets, primarily by financial institutions like banks or trust companies, on behalf of individuals or institutions. As an Associate – Custody Business Operations, you will support the Custody Services team’s operations and key projects. You will play an active role in supporting the growth and development of the Custody Services team’s products and capabilities.
Key Responsibilities
- Execute and monitor custody-related trade instructions, including settlement of securities transactions, ensuring timely and accurate processing while adhering to market deadlines and regulatory requirements.
- Manage corporate action events, ensuring accurate client entitlements and timely communication.
- Perform daily operational controls, reconciliations and checklists.
- Process payments associated with Custody Business.
- Investigate operational breaks, failed settlements, reconciliation exceptions, and payment discrepancies, coordinating with internal stakeholders and external counterparties to achieve timely resolution.
- Ensure adherence to control obligations, demonstrating understanding, awareness and proactive management of operational risk.
- Support with project coordination responsibilities.
- Organise project-related meetings with internal and external stakeholders.
- Support the team with creation and execution of test cases and testing documents.
- Identify opportunities to enhance existing processes, systems, and client experience.
- Capture statistical information for reporting and Management Information.
- Investigate and resolve any processing issues and general queries.
Requirements
- Degree level educated in Finance, Economics, Accounting, or other relevant subject.
- Experience in Custody business (Trading Settlement/Corporate Action) or related business experience in the Financial Services, ideally within Banking.
- Experience or knowledge of Custody Payments or Clearing Services is preferred.
- Excellent communication skills.
- Fluency in Mandarin is preferred.
- Highly organised and able to multi-task.
- Able to work in a fast-paced environment whilst being able to deliver high quality work.
- Proficient in the use of MS Office (Word, Excel, PowerPoint).
- Proactive team player.
- Attention to detail.
Associate - Custody Business Operations in London employer: Placeholder Commercial Real Estate Platform
Bank of China London Branch is an exceptional employer, offering a dynamic and inclusive work environment that fosters personal and professional growth. With over 90 years of presence in the UK, employees benefit from comprehensive learning opportunities, including access to prestigious qualifications and a supportive culture that values diversity. The attractive benefits package, coupled with a commitment to employee development, makes it an ideal place for those seeking meaningful and rewarding careers in the financial services sector.
Contact Details:
Placeholder Commercial Real Estate Platform Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Associate - Custody Business Operations in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working at Bank of China. A friendly chat can open doors and give you insights that might just set you apart from other candidates.
✨Tip Number 2
Prepare for interviews by understanding the Custody Business Operations inside out. Brush up on your knowledge about trade instructions, corporate actions, and operational controls. The more you know, the more confident you'll feel!
✨Tip Number 3
Show off your skills! During interviews, be ready to share examples of how you've tackled challenges in previous roles. Whether it's resolving payment discrepancies or managing projects, real-life stories make a lasting impression.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining the team at Bank of China.
We think you need these skills to ace Associate - Custody Business Operations in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Associate - Custody Business Operations role. Highlight relevant experience in custody services, trading settlements, or corporate actions. We want to see how your background aligns with what we do!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the custody business and how you can contribute to our team. Keep it concise but impactful – we love a good story!
Show Off Your Skills:Don’t forget to showcase your skills in MS Office and any experience with operational controls or reconciliations. We’re looking for someone who can hit the ground running, so let us know what you bring to the table!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way to ensure your application gets into the right hands. Plus, it shows you’re keen on joining our team at Bank of China!
How to prepare for a job interview at Placeholder Commercial Real Estate Platform
✨Know Your Custody Basics
Before the interview, brush up on your knowledge of custody services, especially around trade instructions and corporate actions. Understanding these concepts will show that you're serious about the role and can hit the ground running.
✨Showcase Your Organisational Skills
Since the role requires managing multiple tasks in a fast-paced environment, be ready to share examples of how you've successfully organised projects or handled tight deadlines in the past. This will demonstrate your ability to thrive under pressure.
✨Communicate Clearly and Confidently
Excellent communication skills are key for this position. Practice articulating your thoughts clearly and confidently, especially when discussing your previous experiences in finance or banking. Remember, clarity can set you apart!
✨Ask Insightful Questions
Prepare thoughtful questions about the team’s current projects or the bank's future plans in the custody space. This shows your genuine interest in the role and helps you gauge if it's the right fit for you.
